Leading global solar developer SkyPower becomes a Climate Bonds Partner

Feb 22, 2016, 06:30 ET from SkyPower

TORONTO, Feb. 22, 2016 /PRNewswire/ - We are proud to announce that SkyPower, the largest and one of the most successful developers of utility-scale solar energy projects in the world, has agreed to become a Climate Bonds Partner.

With over 25 GW of solar energy projects in various stages of development worldwide, SkyPower is helping lead a rapid transition to a low-carbon and carbon resilient economy.

Kerry Adler, President and CEO of SkyPower said:

"Globally, access to capital is by far the biggest factor impacting the spread of solar energy project developments. This historic partnership will exponentially grow the green debt capital market, thereby driving down the cost of capital for solar energy projects. We are proud to work with the Climate Bonds Initiative, which will give all countries the means to realize their clean energy goals."

Climate Bonds CEO Sean Kidney said:

"We are excited to add SkyPower to the growing ranks of Climate Bonds Partners, all supporting our mission to mobilize the world's USD $100 trillion bond market for climate change solutions. As a global leader and active pioneer in building renewable energy markets, SkyPower brings a deep well of knowledge to our partnership programme. SkyPower's global experience provides a welcome capability that can assist Climate Bonds regional initiatives to boost low emission energy and infrastructure investment."

About SkyPower

SkyPower is the largest and one of the most successful developers and owners of utility-scale solar energy projects in the world. With roots dating back more than a dozen years, SkyPower's global team possesses a vast track record of over 900 years of combined experience in power and large infrastructure projects.

The experienced and accomplished SkyPower team has built, assembled and acquired an extensive pipeline of over 25 GW worldwide – 9 GW of which were recently announced in bilateral agreements, and other contract awards, to be built in the Middle East, Africa and Southeast Asia over the next five years.

SkyPower has signed over 30 utility-scale solar Power Purchase Agreements (PPA) and Contracts, which in aggregate represent well in excess of US $80 billion worth of long-term renewable energy sales to leading utilities and governments around the world.

SkyPower is majority owned by CIM Group, a U.S.-based real estate and infrastructure investment firm founded in 1994 that has systematically and successfully invested in dynamic and densely populated communities throughout North America.